Bitcoin Technical Analysis : BTC/USD 11 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 11 October 2022

Pivot point : 19340

Our preference : the downside prevails as long as 19340 is resistance.

Alternative scenario : the upside breakout of 19340, would call for 19730 and 19960.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19120 and 19243).

Supports and resistances :

19960 **
19730 *
19340
19030 – Last price
18560
18330 *
18100 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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